Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Retail
ASB gives Smiths City space to fix capital structure
Smiths City has another four weeks to make its next payment to lender ASB Bank as it tries to find a new capital structure that works for the retail chain and financier.The shares sank 13.8 percent, or 2.4 cents, to an all-time low 15 cents when they resumed trading today, albeit...
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First Mortgage Trust is an investment manager that specialises in property lending. For nearly 30 years we’ve been helping New Zealanders protect and grow their wealth.
Economy
Landlords and home owners eligible for mortgage holiday
First details of the trading banks' mortgage repayment holiday and government-backed emergency business lending package are emerging, with some banks confirming they will make mortgage repayment holidays available to both home owners and landlords who own rental properties.Only W...
Services
Regulators asked to ease KiwiSaver hardship withdrawal process
KiwiSaver fund managers are asking regulators to ease the documentation required to access hardship withdrawals, with inquiries surging as the covid-19 global crisis floors the New Zealand economy.BusinessDesk understands the Ministry of Business, Innovation and Employment is inv...
Economy
Brian Gaynor: BRIAN GAYNOR: Is your bank safe and, if not, what is your position?
Covid-19 has generated unprecedented financial concerns and depositors may be worried that their bank could go bust.The quick response to this concern is that a major New Zealand bank collapse is highly unlikely, but it is worth knowing what will happen if this occurs.A 2014 Fina...
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